Mondelēz sales rise 8% in Q3 as increased travel, mobility stimulate demand for core brands

USA – Mondelēz International has reported an 8% rise in sales for Q3 mainly driven by elevated demands for its confectionery products as markets open up and people travel more across the globe.   Sales for the quarter rose to US$7.18 billion, from the US$6.67 billion that was recorded during the same period last year.   The rise in sales revenue was driven by favorable currency, organic net revenue growth of 5.5% and incremental sales from the company’s acquisitions of Hu, Grenade and Gourmet Food.  Net income at Mondelez in the three months ended Sept. 30 was US$1.25 billion,…

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